Extreme Money
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In speeches he gave on "The Coming Credit Crash," Das, an international consultant to financial institutions and corporations, provided insights into the problematic structure and risks of the global financial system. In an analysis drawing on the ideas of philosophers as well as economists,
… More »In speeches he gave on "The Coming Credit Crash," Das, an international consultant to financial institutions and corporations, provided insights into the problematic structure and risks of the global financial system. In an analysis drawing on the ideas of philosophers as well as economists, Das critiques the "financialization" of everyday life behind such recent trends as the housing boom-and-bust, "casino banking," the "doomsday debt machine," and "botox economics."
« Lessmasters of the universe and the cult of risk
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Add a CommentAn excellent book, explaining securtizations, re-securitizations, re-re-re-securitizations, etc., along with credit derivatives scam. I disagree with the commenter below, though, as Alan Greenspan and Larry Summers have profited handsomely, their actions weren't even remotely "stupid" but criminally self-serving to the max! Das' repetition of the remarks on the Inside Job movie concerning former vice chair of the Federal Reserve (under Alan Greenspan), Fredric Mishkin, and as to how Mishkin has been fully documented as the typical bankster liar, is monumentally important for all to grasp.
Wonderful insider information on how the nexus between the bankers, stock brokers, traders and the politicians brings out the fools and idiots of every individual living in this world. Brings out how stupid is Allen Greenspan, Larry Summers with negative common sense and selfish attitude. A must read for all young readers so that they are aware of this kind of cheats when they grow up.